HSC Business Studies Practice Questions - HSC Business Studies (NSW Higher School Certificate, Year 12, 2-unit) Exam

What does JIT inventory management aim to achieve?

Eliminate all quality inspections Minimise stock held by receiving inputs just as they are needed Maximise finished-goods warehouses for bulk discounts Always use last-in-first-out costing for tax benefits

Correct Answer:

Minimise stock held by receiving inputs just as they are needed

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